INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE president and UN chief discuss ‘collective action’ to address climate challenges

UAE President Sheikh Mohamed bin Zayed and UN chief António Guterres. (WAM)
  • The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions
  • They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action

Dubai, UAE— UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference in enhancing international collective action to address climate challenges in a manner that serves humanity and future generations.

The meeting between the two took place at the ongoing UN Climate Change Conference (COP28) in Expo City Dubai.

The UN Secretary-General commended the initiative by His Highness Sheikh Mohamed bin Zayed Al Nahyan in establishing a US$30 billion fund for global climate solutions to bridge the climate financing gap and facilitate affordable access.

The meeting also addressed cooperation between the UAE and UN agencies, particularly in supporting world peace, climate action, and sustainable development, as well as humanitarian work regionally and internationally.

Additionally, both sides reviewed a number of regional and international issues of mutual interest, with particular emphasis on developments in the Occupied Palestinian Territory.

They underscored the need for international action to reach a ceasefire in the Gaza Strip, protect civilians, prevent their forced displacement, and ensure the safe, sustained, and at-scale delivery of humanitarian aid.

Furthermore, efforts to prevent the escalation of regional conflict and work towards peace based on the two-state solution were discussed as essential for achieving regional stability, creating an environment conducive to enhanced cooperation in the Middle East, and fostering the development and prosperity of its peoples.